Valmet: The Swedish Court of Patent Appeals' decision to revoke Andritz' Swedish Patent is upheld - Andritz' Patent SE 531498 is invalid

Valmet Oyj's stock exchange release on September 1, 2016 at 4:45 p.m. EET

As Valmet announced by stock exchange release on February 20, 2015, Andritz Oy had filed an application for summons with the Stockholm District Court against Valmet AB, a subsidiary of Valmet, regarding alleged patent infringement. Andritz requested that the court order Valmet to cease the use of the technology described in said patent. Further, Andritz demanded that Valmet pay damages with EUR 54 million.

The validity of the patent has been challenged by Valmet, and as announced by stock exchange release on April 8, 2016, the Swedish Court of Patent Appeals on March 23, 2016, agreed with Valmet and revoked Andritz' patent in full.

Following Andritz' subsequent appeal, the Swedish Supreme Administrative Court has in a decision of August 30, 2016, now refused leave to appeal. The decision to revoke Andritz' patent is thus upheld and the Swedish patent SE 531498 is permanently invalidated. This entails legally that the patent is deemed to never have existed, and as a consequence Andritz' claims for damages in the infringement case in Stockholm District Court are unfounded on all grounds.

Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. [phone]
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel. [phone]

VALMET

Kari Saarinen
CFO

Hanna-Maria Heikkinen
VP, Investor Relations

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

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Source: Valmet via Globenewswire